Cowbell launches new unit to support US businesses against AI-driven threats

Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has launched the Cowbell Resiliency Services (CRS) unit to complement its existing risk management program.

The unit was created in response to a rise in the frequency, severity, and diversity of cyber threats.

Simultaneously, the unit also aims to tackle sophisticated AI-driven cyberattacks in the evolving geopolitical climate, which according to recent reports show, the average global cost of a data breach has reached $4.88 million, a 10% increase over last year and the highest total ever.

The average in the US is even higher, amounting to $9.36 million, where tech giants, like Microsoft, say their clients now face 600 million attacks daily from cybercriminals and nation-state threat actors.

CRS leverages existing AI learning tools with advanced cybersecurity services to provide the most up-to-date insights and learning needed to defend against emerging threats while minimising financial and operational risks, explained Cowbell.

CRS expands Cowbell’s risk management portfolio with four new subscription-based cyber resiliency services: Cowbell MDR SOC-as-a-Service, Cowbell Penetration Testing-as-a-Service (PTaaS), Cowbell Cybersecurity Training-as-a-Service (CTaaS), and Cowbell IdentityAI.

For U.S. policyholders, new resiliency services include Managed Detection and Response, Penetration Testing, Cloud Identity Monitoring, and Cybersecurity Training.

Rajeev Gupta, Co-founder and Chief Product Officer of Cowbell commented, “US businesses are encountering a huge rise in sophisticated cyber threats. AI has empowered cybercriminals to execute more adaptive and scalable attacks, such as advanced malware and automated phishing attempts, while at the same time, geopolitical conflicts are increasingly manifesting in cyberspace, amplifying risks to critical U.S. infrastructure and national security.

“Through CRS, we’re able to provide our policyholders with consistent and cost-effective access to an MDR service, Identity Monitoring, Penetration testing, and Cybersecurity training; all of which offer advanced capabilities that will significantly enhance their cybersecurity posture, without requiring costly in-house resources.”

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